Plastron Precision Co Ltd (6185) - Net Assets
Based on the latest financial reports, Plastron Precision Co Ltd (6185) has net assets worth NT$2.16 Billion TWD (≈ $68.19 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.47 Billion ≈ $77.74 Million USD) and total liabilities (NT$303.05 Million ≈ $9.55 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore 6185 asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.16 Billion |
| % of Total Assets | 87.72% |
| Annual Growth Rate | -0.56% |
| 5-Year Change | 3.67% |
| 10-Year Change | N/A |
| Growth Volatility | 4.36 |
Plastron Precision Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Plastron Precision Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 6185 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Plastron Precision Co Ltd (2017–2025)
The table below shows the annual net assets of Plastron Precision Co Ltd from 2017 to 2025. For live valuation and market cap data, see Plastron Precision Co Ltd (6185) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.16 Billion ≈ $68.19 Million |
-2.43% |
| 2024-12-31 | NT$2.22 Billion ≈ $69.89 Million |
+0.65% |
| 2023-12-31 | NT$2.20 Billion ≈ $69.44 Million |
+1.79% |
| 2022-12-31 | NT$2.17 Billion ≈ $68.21 Million |
+3.70% |
| 2021-12-31 | NT$2.09 Billion ≈ $65.77 Million |
-6.43% |
| 2020-12-31 | NT$2.23 Billion ≈ $70.29 Million |
-6.89% |
| 2019-12-31 | NT$2.40 Billion ≈ $75.50 Million |
+6.42% |
| 2018-12-31 | NT$2.25 Billion ≈ $70.94 Million |
-0.50% |
| 2017-12-31 | NT$2.26 Billion ≈ $71.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Plastron Precision Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 79.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$206.44 Million | 9.54% |
| Other Components | NT$1.96 Billion | 90.46% |
| Total Equity | NT$2.16 Billion | 100.00% |
Plastron Precision Co Ltd Competitors by Market Cap
The table below lists competitors of Plastron Precision Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hyundai E P
KO:089470
|
$65.21 Million |
|
St. James's Place plc
LSE:STJ
|
$65.22 Million |
|
Crown Confectionery Co Ltd
KO:264900
|
$65.23 Million |
|
Harboes Bryggeri A/S
CO:HARB-B
|
$65.25 Million |
|
MasterBeef Group Ordinary Shares
NASDAQ:MB
|
$65.19 Million |
|
Cauldron Energy Ltd
AU:CXU
|
$65.18 Million |
|
ABITARE IN S.P.A.
F:1BN
|
$65.18 Million |
|
Austral Gold Ltd
V:AGLD
|
$65.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Plastron Precision Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,218,201,000 to 2,164,313,000, a change of -53,888,000 (-2.4%).
- Net income of 33,367,000 contributed positively to equity growth.
- Dividend payments of 44,960,000 reduced retained earnings.
- Other factors decreased equity by 42,295,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$33.37 Million | +1.54% |
| Dividends Paid | NT$44.96 Million | -2.08% |
| Other Changes | NT$-42.30 Million | -1.95% |
| Total Change | NT$- | -2.43% |
Book Value vs Market Value Analysis
This analysis compares Plastron Precision Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.96x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.82x to 0.96x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$17.05 | NT$13.90 | x |
| 2018-12-31 | NT$16.96 | NT$13.90 | x |
| 2019-12-31 | NT$15.99 | NT$13.90 | x |
| 2020-12-31 | NT$14.89 | NT$13.90 | x |
| 2021-12-31 | NT$13.93 | NT$13.90 | x |
| 2022-12-31 | NT$14.45 | NT$13.90 | x |
| 2023-12-31 | NT$14.71 | NT$13.90 | x |
| 2024-12-31 | NT$14.80 | NT$13.90 | x |
| 2025-12-31 | NT$14.44 | NT$13.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Plastron Precision Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.33%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.14x
- Recent ROE (1.54%) is below the historical average (1.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 8.15% | 14.20% | 0.45x | 1.27x | NT$-41.76 Million |
| 2018 | 4.76% | 9.07% | 0.41x | 1.28x | NT$-117.99 Million |
| 2019 | 2.40% | 5.75% | 0.32x | 1.31x | NT$-182.06 Million |
| 2020 | -4.01% | -12.57% | 0.26x | 1.22x | NT$-312.57 Million |
| 2021 | -4.79% | -19.02% | 0.21x | 1.22x | NT$-308.70 Million |
| 2022 | 2.03% | 7.44% | 0.23x | 1.19x | NT$-172.64 Million |
| 2023 | 4.46% | 16.84% | 0.23x | 1.18x | NT$-122.04 Million |
| 2024 | 0.39% | 2.16% | 0.16x | 1.14x | NT$-213.13 Million |
| 2025 | 1.54% | 6.33% | 0.21x | 1.14x | NT$-183.06 Million |
Industry Comparison
This section compares Plastron Precision Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $32,147,420,000
- Average return on equity (ROE) among peers: 6.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Plastron Precision Co Ltd (6185) | NT$2.16 Billion | 8.15% | 0.14x | $65.19 Million |
| Syncmold Enterprise Corp (1582) | $5.98 Billion | 4.21% | 0.97x | $299.99 Million |
| Fulltech Fiber Glass (1815) | $6.59 Billion | -9.88% | 1.04x | $1.09 Billion |
| Delta Electronics Inc (2308) | $186.12 Billion | 14.40% | 0.96x | $134.21 Billion |
| Compeq Manufacturing Co Ltd (2313) | $17.08 Billion | 6.02% | 0.96x | $6.35 Billion |
| WUS Printed Circuit Co Ltd (2316) | $8.04 Billion | 6.35% | 0.63x | $811.70 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $44.25 Billion | 23.35% | 1.00x | $110.20 Billion |
| Yageo Corp (2327) | $31.87 Billion | 13.01% | 0.58x | $32.56 Billion |
| Pan-International Industrial Corp (2328) | $10.76 Billion | -2.25% | 0.50x | $672.01 Million |
| Chin-Poon Industrial Co Ltd (2355) | $6.64 Billion | 10.26% | 0.54x | $458.98 Million |
| Solomon Technology Corp (2359) | $4.14 Billion | 2.71% | 0.26x | $653.29 Million |
About Plastron Precision Co Ltd
Plastron Precision Co., Ltd., together with its subsidiaries, designs, manufactures, and sells electronic connectors in Taiwan, China, Germany, and internationally. The company offers FPC, automotive, I/O, SATA, edge card, RJ45, and RF board connectors, as well as board to board and pin header. It is also involved in the research, design, production, and sale of instrument components, fiber optic… Read more